Bhanu Baweja, the Chief Analyst at UBS Group Investment Bank, stated that the USA Consumer shows "obvious signs of fatigue," which will further suppress stock market performance, possibly leading to an additional 8% drop in the S&P 500 Index. This analyst indicated that key Indicators such as employment expectations, spending outlook, and consumer confidence have all turned negative. With Analysts continuously revising down their earnings expectations for the next three to four quarters, he predicts that the S&P 500 Index may drop to 5,300 points.